CORRECTED-UPDATE 1-UAE telco du sets special dividend after Q2 profit gain | Reuters:
"Du, the United Arab Emirates' second biggest telecommunications operator, said it would pay 1 billion dirhams ($272.3 million) to shareholders via special and interim dividends, after it posted a 46 percent rise in second-quarter net profit on Thursday.
The firm, which ended rival Etisalat's domestic monopoly in 2007, made a net profit after royalties of 474 million dirhams in the three months to June 30, up from 326 million in the year-earlier period.
One analyst polled by Reuters had forecast du would make a quarterly profit of 465.7 million dirhams for the second quarter."
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